Average Psychiatrists Salary in Grand Rapids-Wyoming-Kentwood, MI
The average salary for a Psychiatrists in Grand Rapids-Wyoming-Kentwood, MI is $254,820. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Grand Rapids-Wyoming-Kentwood, MI is a key hub for this profession, with a job concentration 1.27x higher than average.
Executive Summary
- Average Salary: $254,820 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $382,230.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Grand Rapids-Wyoming-Kentwood, MI economy.
Salary Overview
The average Psychiatrists in Grand Rapids-Wyoming-Kentwood, MI earns-7.2%below the national average.
$122.5
$4,900
$21,235
Psychiatrists Salary Trends (2020-2024)
Historical trend data for Psychiatrists in Grand Rapids-Wyoming-Kentwood, MI is limited, but current market signals indicate a stable demand environment.
Psychiatrists Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
The earning potential for Psychiatristss in Grand Rapids-Wyoming-Kentwood, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $104,770, while highly experienced professionals can command wages upwards of $382,230.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $104,770 | $50.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $191,115 | $91.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $217,050 | $104.4 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $318,525 | $153.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $382,230 | $183.8 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$254,820
Gross Pay
Real Wage (Purchasing Power)
$254,820
Adjusted for COL (100)
In Grand Rapids-Wyoming-Kentwood, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $254,820 to $254,820.
Job Market Context
110
Total Jobs
0.204
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Grand Rapids-Wyoming-Kentwood, MI has a slightly higher-than-average concentration of Psychiatrists roles compared to the national norm.
110 people work as Psychiatrists in Grand Rapids-Wyoming-Kentwood, MI.
Only 0.204 out of every 1,000 local jobs are Psychiatrists roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Kalamazoo-Portage, MI Psychiatrists Salary | $115,820↓ 55% | 48 mi |
| Lansing-East Lansing, MI Psychiatrists Salary | $286,040↑ 12% | 58 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Psychiatrists in Grand Rapids-Wyoming-Kentwood, MI is $254,820. This typically ranges from $104,770 for entry-level positions to $382,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 7.2% lower than the national median of $274,560.
Is Grand Rapids-Wyoming-Kentwood, MI a good place for Psychiatristss?
Yes, Grand Rapids-Wyoming-Kentwood, MI is highly recommended due to strong job demand. While salaries are competitive ($254,820), the area is particularly notable for its high job density for Psychiatristss. See distinct detailed breakdown below.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Psychiatrists?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Kalamazoo-Portage, MI ($115,820) and Lansing-East Lansing, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 0.204 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Grand Rapids-Wyoming-Kentwood, MI